China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Yen Slides as BOJ Caution Undercuts Rate Hike Impact 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Gold Prices Surge to New Heights
Gold prices reached a record high during Asian trading on Monday, extending last week's rally amid growing safe-haven demand due to uncertainties surrounding the U.S. presidential election and escalating tensions in the Middle East, particularly Israel's threats against Iran.
Precious Metals Rally
Spot gold climbed 0.4% to an all-time high of $2,732.86 per ounce, while December futures increased by 0.6% to $2,747.70. Silver also saw significant gains, surging 3.1% to $34.328 per ounce, marking its highest level since September 2012. Platinum futures rose by 0.6% to $1,031.15 per ounce.
Economic Factors Impacting Prices
Despite the dollar hovering near its highest levels since early August, precious metal prices strengthened as traders anticipated a slower pace of interest rate cuts by the Federal Reserve. Analysts expect a 25 basis point cut in November, as the U.S. economy shows signs of resilience.
Industrial Metals Gain Momentum
Copper prices also firmed following an unexpected interest rate cut by China, the world's top copper importer. Benchmark copper futures rose 1.2% to $9,746.00 per ton, while December futures increased to $4.4450 per pound. However, uncertainty surrounding the timing and scale of China's stimulus measures has led to cautious trading.
